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UBS appoints James B. Broderick as CEO Wealth Management UK & Jersey

London11 Dec 2012, 15:00Media Releases EMEA

UBS today announced the appointment of James B. Broderick as CEO, Wealth Management UK & Jersey, effective 7 January 2013*.

Jamie joins UBS Wealth Management from J.P. Morgan, where he was most recently head of the firm's Asset Management business in Europe, the Middle East and Africa and CEO of its principal affiliates in Europe. A J.P. Morgan employee since 1993, Jamie led the development of the firm's UK and European mutual fund business, now one of the leading mutual fund franchises in Europe. He is also chairman of ICI Global, the global affiliate of the US-based Investment Company Institute, the principal advocacy organisation for mutual funds and their sponsors in the United States.

Prior to joining J.P. Morgan, Jamie was a Vice President at Wellington Management Company, and director of its Client Marketing Services Group. He has a Bachelor's degree from Harvard University.

Jamie will be based in London, and will report to Jakob Stott, CEO Wealth Management Europe.

After four years at the helm of UBS's Wealth Management operations in the UK & Jersey, Andre Cronje has decided to seek a new challenge within UBS. Jakob Stott, CEO Wealth Management Europe, said: “We are delighted that Jamie has joined UBS. Jamie brings with him a distinctive track record of building a leading business franchise in a competitive, multi-jurisdictional marketplace and managing the challenges of difficult markets and a complex regulatory environment. His responsibilities have embraced multiple functions within asset management, and his focus has always been on the client-facing functions and the client experience. His appointment reinforces UBS’s strong commitment to our clients in this important market”.

He continued: “I would like to thank Andre very much for his tremendous dedication and great contribution to developing UBS Wealth Management UK & Jersey over the last few years.”

UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. Its business strategy is centered on its pre-eminent global wealth management businesses and its universal bank in Switzerland. Together with a client-focused Investment Bank and a strong, well-diversified Global Asset Management business, UBS will expand its premier wealth management franchise and drive further growth across the Group.

UBS is present in all major financial centers worldwide. It has offices in more than 50 countries, with about 35% of its employees working in the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle East and Africa and 12% in Asia Pacific. UBS employs about 64,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).